Poverty Rate Highest in 11 Years
According to statistics from the U.S. Census Bureau, the poverty rate is at an 11-year high while household incomes are at a 10-year...
Sectors
Cheap Chinese Tires Keep Rolling In
As inexpensive Chinese-made automobile tires keep rolling into the United States and U.S. tire manufacturers struggle to stay in business, President Obama will...
Read more
Effect of Government Takeover of Home Mortgage Market
The Washington Post reported September 7 that the federal government is now guaranteeing 86 percent of all new home mortgages, as default...
Read more
Unemployment Continues to Climb
The U.S. Labor Department reported unemployment rose to 9.7 percent during the month of August from 9.4 percent, the highest unemployment rate in...
Read more
FCC to Investigate Wireless Industry
The Federal Communications Commission is launching an investigation of the nation’s wireless industry to root out any anti-competitive practices and to decide what...
Read more
Fed Official Admits 16% Unemployment
The real number of unemployed in the United States is far more than the federal government’s official count and the recovery could be...
Read more
Cash-for-clunkers Sputters to a Close
Like one of the old jalopies it is supposed to remove from the road, the $3-billion cash-for-clunkers program sputtered to a close on...
Read more
Stimulus Grants for Batteries and Green Cars
Last week, the Obama administration revealed the 48 recipients of $2.4 billion in federal grant money supposedly designed to stimulate domestic production of...
Read more
More Unemployed, Yet Unemployment Rate Drops
Unemployment numbers ticked upward during July at a much slower pace than past months, leading many establishment forecasters to conclude that an economic...
Read more
First-time Unemployment Claims Up
First-time unemployment claims continue to increase at a faster pace than expected. “The Labor Department said the number of claims in the week...
Read more
Another Minimum Wage Hike: But Will It Help?
In another example of turning lemonade into lemons in economically troubled times, the federal minimum wage increased yesterday from $6.55 an hour to...
Read more
Media Raising Concerns Over Goldman Sachs’ Gov’t Influence
Even the mass media is starting to take notice of the longtime cozy relationship that both the U.S. Treasury Department and the Federal...
Read more
Obama Weighing Homeowner Bailout Proposal
“U.S. officials are weighing a plan to let borrowers who have fallen behind on mortgage payments avoid eviction by renting their home instead,”...
Read more
Bailing Out Minority Broadcasters
If you understand the relative superiority of the free market, none of our government's recent business bailouts will find favor with you. Yet,...
Read more
BusinessWeek Could Sell for $1
With plunging advertising revenue across the industry, McGraw-Hill is reportedly putting BusinessWeek up for sale. The company said only that it is exploring...
Read more